APi Group vs Dycom Industries
APi Group reported revenue of $7.9 billion in fiscal 2025, 1.4 times Dycom Industries' $5.5 billion in fiscal 2026. APi Group's revenue grew 12.7% in its latest year, and Dycom Industries' grew 17.9%. Free cash flow was $663 million at APi Group and $402 million at Dycom Industries. Their fiscal years end in different months (December 31 and January 31), so the periods don't line up exactly.
Side by side
| APi Group | Dycom Industries | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jan 31, 2026 |
| Revenue | $7.9B | $5.5B |
| Revenue growth | 12.7% | 17.9% |
| Revenue growth a year, last 5 years | 17.1% | 11.6% |
| Gross margin | 31.4% | — |
| Operating margin | 7.0% | — |
| Net margin | 3.8% | 5.1% |
| Free cash flow | $663M | $402M |
| Free cash flow margin | 8.4% | 7.2% |
| Return on capital | 7.7% | 10.9% |
| Net debt to EBITDA | 2.1x | 3.0x |
| Dividends and buybacks | $75M | $30M |
| Change in diluted share count | 3.5% | −0.2% |
| Last close | $40.27 | $228.53 |
| P/E at the last close | — | 20.9× |
| Insider trades, last 12 months | bought $275,720, sold $361.0 million | bought $551,307, sold $1.3 million |
| Piotroski F-score | 8 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
APi GroupDycom Industries
Operating margin
Percent of revenue
APi GroupDycom Industries
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
APi GroupDycom Industries
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the APi Group and Dycom Industries pages.